{"product_id":"value-the-four-cornerstones-of-corporate-finance-hardcover","title":"Value: The Four Cornerstones of Corporate Finance - Hardcover","description":"\u003cp\u003eby \u003cb\u003eMcKinsey \u0026amp; Company Inc\u003c\/b\u003e (Author), \u003cb\u003eTim Koller\u003c\/b\u003e (Author), \u003cb\u003eRichard Dobbs\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eAn accessible guide to the essential issues of corporate finance\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWhile you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eValue\u003c\/i\u003e explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey \u0026amp; Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscusses the four foundational principles of corporate finance\u003c\/li\u003e \u003cli\u003eEffectively applies the theory of value creation to our economy\u003c\/li\u003e \u003cli\u003eExamines ways to maintain and grow value through mergers, acquisitions, and portfolio management\u003c\/li\u003e \u003cli\u003eAddresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA perfect companion to the \u003ci\u003eFifth Edition\u003c\/i\u003e of \u003ci\u003eValuation, \u003c\/i\u003e this book will put the various issues associated with corporate finance in perspective.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFrom the team behind \u003ci\u003eValuation\u003c\/i\u003e--the #1 bestselling reference on corporate finance--comes a decision-making guide for all executives to use as they create, manage, and sustain shareholder value. \u003c\/p\u003e\u003cp\u003eCorporate leaders are regularly confronted with conventional wisdom and half-truths about value creation. They're given conflicting advice about what will or won't appeal to investors, often contradicting their own judgment about what builds lasting worth in their companies and the economy. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eValue: The Four Cornerstones of Corporate Finance\u003c\/i\u003e, partners from the management consulting firm of McKinsey \u0026amp; Company describe the basic principles of value creation and their relevance. Internalizing these principles--or cornerstones--gives decision makers the independence and courage they need to challenge conventional wisdom, defy half-truths, and build thriving businesses. \u003c\/p\u003e\u003cp\u003eThe four cornerstones are: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003e\n\u003cb\u003eThe Core of Value: \u003c\/b\u003e a business's value is driven by its growth and return on capital, and resulting cash flows\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eThe Conservation of Value: \u003c\/b\u003e value is created when companies generate higher cash flows, not by simply rearranging investors' claims on cash flows\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eThe Expectations Treadmill: \u003c\/b\u003e movements in company share prices reflect changes in the stock market's expectations, not just underlying performance\u003c\/li\u003e \u003cli\u003e\n\u003cb\u003eThe Best Owner: \u003c\/b\u003e the value of a business is not an absolute but, rather, depends on who is managing it and the strategy pursued\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWhile there are many books that cover selected topics within corporate finance--often for specialized practitioners--it's the rare book that offers leaders a unifying viewpoint of business. \u003ci\u003eValue\u003c\/i\u003e is that book.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e VALUE \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eValue\u003c\/i\u003e will help senior leaders and their boards act on bold ideas for creating value in the businesses they lead. The four principles of value creation are a concise guide to growing and shaping companies.\"\u003cbr\u003e \u003cb\u003e-- Ed Breen, Chairman and Chief Executive Officer, Tyco International Ltd.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"In a complex business world, we shouldn't overlook the relatively simple financial principles that underlie the creation of long-term shareholder value. This book gives corporate leaders a clear base of knowledge for creating and sustaining value under any economic, industry, or company circumstances.\"\u003cbr\u003e \u003cb\u003e-- Dominic J. Caruso, Chief Financial Officer, Johnson \u0026amp; Johnson \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"More than a handbook, this is the bible of value creation. It should be read by corporate leaders across the entire spectrum. It also reminds us not to ignore the abiding financial principles that guide companies to long-term value creation.\"\u003cbr\u003e \u003cb\u003e-- Stefan Krause, Chief Financial Officer, Member of the Management Board, Deutsche Bank AG \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"A valuable source of guidance for business leaders who are focused on creating real, lasting value.\" \u003cbr\u003e \u003cb\u003e-- Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, IBM Corporation \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"A very useful, no-nonsense guide for creating shareholder value. Competition, capital structure, acquisitions, buybacks, dividends, and more--it's all here with straightforward principles and examples.\"\u003cbr\u003e \u003cb\u003e-- Keith S. Sherin, Vice Chairman and Chief Financial Officer, General Electric Company\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"If more owners and executives had the overriding objective of long-term value creation--and enough knowledge about how to create it--then our financial world would be a more stable one.\" \u003cbr\u003e \u003cb\u003e-- Rajiv Singh, Vice Chairman, DLF Limited \u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"\u003ci\u003eValue\u003c\/i\u003e cuts through clutter and myopia to provide a sound foundation for leaders who are building enterprises that thrive and serve society.\"\u003cbr\u003e \u003cb\u003e-- Daniel Vasella, MD, Chairman, Novartis AG \u003c\/b\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eMcKINSEY \u0026amp; COMPANY\u003c\/b\u003e is a global management consulting firm that helps leading private, public, and social-sector organizations make distinctive, lasting, and substantial performance improvements. With consultants deployed from more than ninety offices in over fifty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTIM KOLLER\u003c\/b\u003e leads the firm's research activities in valuation and capital market issues. He advises clients globally on corporate strategy, capital markets, M\u0026amp;A, and value-based management. Tim is a coauthor of \u003ci\u003eValuation: Measuring and Managing the Value of Companies\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eRICHARD DOBBS\u003c\/b\u003e is a director of the McKinsey Global Institute, the firm's business and economics research arm. He advises Korean and other Asian companies and governments on strategy, economics, and M\u0026amp;A issues. Richard is an associate fellow of University of Oxford's Saïd Business School. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eBILL HUYETT\u003c\/b\u003e advises clients in healthcare and other technology-intensive industries on corporate strategy, M\u0026amp;A, product development and commercialization, and corporate leadership. Bill is active on several not-for-profit boards in basic life sciences research.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 272\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.94 x 9.24 x 6.36 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e November 09, 2010\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51756060770592,"sku":"9780470424605","price":31.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/e11b73ce8ddcfba0776e4d48cac2ec08.webp?v=1780073342","url":"https:\/\/ebocreations.com\/products\/value-the-four-cornerstones-of-corporate-finance-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}